News by EdgeProp

Berjaya Property Bhd (formerly known as Berjaya Land Bhd) is proposing to subscribe for a 29% stake in Manjaran Sdn Bhd for RM58 million, which would give the property group exposure to the proposed Perlis Maritime Corridor (PMC) development, comprising the Perlis Inland Port (PIP), Perlis Sanglang Port (PSP) and Perlis Power Hub (PPH).

PMW International Bhd is developing a new spun concrete pile manufacturing facility in Bemban, Perak, involving an estimated capital investment of RM43.76 million as the infrastructure solutions provider expands its production capacity.

PRISM, the global hospitality business behind brands including OYO and Sunday, has partnered with Ahmad Zaki Resources Bhd (AZRB) and United Malayan Land Bhd (UMLand) to operate two hospitality assets in Malaysia.

Construction group TCS Group Holdings Bhd has proposed a private placement of up to 152.72 million new ordinary shares, alongside a proposed diversification of its existing principal activities to include property development-related activities.

Solar District Cooling Group Bhd’s (SDCG) wholly owned subsidiary, Solar District Cooling Sdn Bhd, has accepted a letter of award for a RM18.5 million contract to upgrade the existing building management system (BMS) at railway transit stations and ancillary buildings in the Klang Valley.

AFI Industries Bhd’s wholly owned subsidiary, TAFI Home & Office Sdn Bhd (THOSB), has accepted a letter of award for a RM135 million contract from Armani KPF2 Development Sdn Bhd (AKDSB) for the construction, completion and maintenance of structural and architectural works for a mixed-use development in Setia Alam, Selangor.

TDM Bhd said the Agreement to Build and Sub-Lease (ATBSL) for a new block at KMI Tawau Medical Centre, together with renovation works for its existing specialist hospital building in Tawau, Sabah, has become unconditional after all conditions precedent were fulfilled.

Titijaya Land Bhd said its wholly owned subsidiary, Shah Alam City Centre Sdn Bhd (SACC), has obtained leave from the Shah Alam High Court to proceed with a judicial review application against an additional tax assessment of RM9.596 million, inclusive of penalties, raised by the Director General of Inland Revenue.

Sime Darby Property Bhd will inject up to RM100 million into its 50:50 joint venture with SD Guthrie Bhd to fund the acquisition of 1,021.93 acres of freehold agricultural land in Mukim Jeram, District of Kuala Selangor, marking the next implementation phase of the partners' planned industrial development corridor.

Plenitude Bhd has introduced Mandolin Residences, a 712-unit freehold serviced apartment development in Taman Desa Tebrau, Johor Bahru, as the group introduces a high-rise residential offering within the established township.